Medical Action Industries Names Paul Chapman Interim CFO
Paul D. Meringolo, a member of the Board of Directors (our "Board") of Medical Action Industries Inc. (the "Company") (NASDAQ: MDCI) and its President and Chief Executive Officer, announced that the Company has begun the process of searching for a Chief Operating Officer. No deadlines have been established in connection with that search. Pending the results of that search, the Company announced that Mr. Paul Chapman, a current member of the Board, has been appointed interim Chief Operating Officer, effective January 14, 2013.
In his new role, Mr. Chapman will also maintain his role as a member of the Board. Reporting to Mr. Chapman will be the three leaders of the Company's strategic business units: Cynthia Bell, President and General Manager of Minor Procedure Kits and Trays; Charles Kelly, President and General Manager of Patient Care; and Richard Setian, President and General Manager of Custom Procedure Trays and Operating Room Products.
"I am delighted to have Paul join our executive team and assist us during this transition," said Paul Meringolo. "His vast experience in leading business unit teams in manufacturing environments will bring substantial additional insight, discipline and accountability to our organization at this critical time